Close Menu
BestNewsOnline
    Facebook X (Twitter) Instagram
    BestNewsOnline
    • Retirement planning
    • Insurance
    • Real estate
    • Subscription
    BestNewsOnline
    Home»Retirement planning»PBGC approves $66 million for Machinist Motor City pension plan
    Retirement planning

    PBGC approves $66 million for Machinist Motor City pension plan

    December 22, 20221 Min Read
    WhatsApp Facebook Telegram
    Executive Benefits and Compensation

    By Bloomberg Law Automation

    December 22, 2022, 7:15 p.m.

    The Pension Benefit Guaranty Corporation approved the International Association of Motor City Machinists’ pension plan for a $66 million infusion of financial assistance, according to the agency on Thursday.

    The plan, based in Troy, Michigan, will receive the money under the special financial assistance program enacted under the American Rescue Plan Act of 2021, which will allow it to pay future benefit payments. pension without reduction. The plan includes 953 participants from the manufacturing industry, the agency said.

    The Machinists Motor City Plan previously suspended benefits under the Multiemployer Pension Reform Act of 2014 to address…

    Bloomberg Law Automation

    © 2022 Bloomberg Industry Group, Inc.

    All rights reserved

    Add A Comment
    Leave A Reply Cancel Reply

    What's hot

    Apex Mountain Resort Earns Fire Insurance Ranking

    January 9, 2023

    NJ auto insurance costs more for renters, blue collar workers, and non-college graduates. This is discrimination, say activists.

    December 17, 2022

    Asset owners tread cautiously in commercial real estate as Blackstone REIT limits withdrawals

    December 5, 2022

    FNGR) JiuGe Technology, Munich Re Collaborate to Boost Commercial Labor Application – InsuranceNewsNet

    December 9, 2022
    Don't miss

    Blackstone COO: Higher investment costs could become a tailwind for the real estate sector

    January 26, 2023

    8 ways to influence millennials with your marketing campaign

    January 12, 2023

    California Realtors apologize for role in racist housing

    October 21, 2022
    Picked for you

    LACERA invites tenders for the system’s emerging real asset management program

    Retirement planning February 2, 2023

    The Los Angeles County Employees Retirement Association invites proposals from qualified companies to implement the…

    BestNewsOnline.net is owned and managed by

    Top10 International FZ LLE
    Office 2002, 20th Floor, Creative Tower
    Fujairah, United Arab Emirates
    TRN: 100608946800003

    • Home
    • Contact us
    • Privacy policy
    • Terms and services

    Type above and press Enter to search. Press Esc to cancel.